Adani Energy Solutions Ltd Hits Intraday High with 3.01% Surge on 24 Feb 2026

Feb 24 2026 03:16 PM IST
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Adani Energy Solutions Ltd demonstrated a strong intraday performance on 24 Feb 2026, surging to an intraday high of ₹1029, marking a 2.49% rise during the session and closing with a notable 3.01% gain. This upward momentum stands out amid a broadly declining Sensex, underscoring the stock’s resilience in the power sector.
Adani Energy Solutions Ltd Hits Intraday High with 3.01% Surge on 24 Feb 2026

Intraday Trading Highlights

On 24 Feb 2026, Adani Energy Solutions Ltd (Stock ID: 999961) reached an intraday peak of ₹1029, reflecting a 2.49% increase from its previous close. The stock closed the day with a 3.01% gain, outperforming its sector by 2.39% and the broader Sensex, which declined by 1.3% to 82,215.64 points. This marks the second consecutive day of gains for the stock, which has appreciated by 3.13% over this two-day period.

The stock’s closing price remains just 3.74% shy of its 52-week high of ₹1067.3, signalling sustained strength near its peak valuation levels. Notably, Adani Energy Solutions Ltd is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust technical position.

Market Context and Sector Comparison

While Adani Energy Solutions Ltd advanced, the Sensex experienced a sharp decline, opening 242.12 points lower and falling further by 836.90 points during the session. The index remains 4.8% below its 52-week high of 86,159.02. The Sensex is currently trading below its 50-day moving average, although the 50-day average itself remains above the 200-day average, suggesting mixed medium-term market signals.

In contrast, Adani Energy Solutions Ltd’s outperformance against both the Sensex and its power sector peers highlights its relative strength. The stock’s 1-day return of 3.07% contrasts sharply with the Sensex’s negative 1.30% return. Over longer periods, the stock has delivered significant outperformance, with a 1-month return of 27.09% versus the Sensex’s 0.82%, and a 1-year return of 54.62% compared to the Sensex’s 10.42%.

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Mojo Score and Rating Update

Adani Energy Solutions Ltd holds a Mojo Score of 51.0, placing it in the 'Hold' category as of 27 Jan 2026, an upgrade from its previous 'Sell' rating. This change reflects an improved assessment of the company’s market position and financial metrics. Despite a Market Cap Grade of 1, indicating a relatively modest market capitalisation compared to peers, the stock’s recent price action and technical indicators suggest a positive trading environment.

Technical Momentum and Moving Averages

The stock’s position above all major moving averages is a significant technical indicator. Trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages typically signals sustained buying interest and momentum. This technical strength supports the stock’s ability to maintain its gains despite broader market weakness.

Such positioning often attracts short-term traders and momentum investors who monitor moving averages as key support levels. The stock’s ability to hold above these averages during a volatile market session further underscores its relative strength.

Performance Across Time Horizons

Adani Energy Solutions Ltd’s performance over various time frames highlights its consistent outperformance relative to the Sensex. Over three months, the stock has gained 6.64%, while the Sensex declined by 3.17%. Year-to-date, the stock has posted a modest 0.54% gain compared to the Sensex’s 3.53% loss. Over a longer horizon, the stock’s 10-year return of 3456.19% dwarfs the Sensex’s 256.06%, illustrating its substantial value creation over the decade.

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Summary of Trading Action

Adani Energy Solutions Ltd’s strong intraday performance on 24 Feb 2026, marked by a 3.01% gain and an intraday high of ₹1029, reflects a notable divergence from the broader market’s downward trend. The stock’s technical positioning above all major moving averages and its proximity to the 52-week high reinforce its current strength.

Its Mojo Grade upgrade to 'Hold' from 'Sell' earlier this year aligns with the recent price momentum, suggesting a stabilising outlook within the power sector. The stock’s consistent outperformance across multiple time frames compared to the Sensex further highlights its resilience and market appeal during volatile sessions.

Overall, the trading activity on 24 Feb 2026 underscores Adani Energy Solutions Ltd’s capacity to maintain upward momentum amid challenging market conditions, supported by solid technical indicators and improved rating assessments.

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